Market Update – March 2017

March 14, 2017

“Low Supply and Snow Limit Vancouver-area Home Sales in February” – Vancouver Sun1  “Scotiabank CEO Concerned About Correction in Vancouver, Toronto Housing Market” – Global News2 Imagine reading those headlines and then having us tell you that you’re going to be competing against 5 other buyers for the home you want to purchase. As I […]

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Market Update February 2017

February 08, 2017

February Market Update The new year typically brings about a dramatic change in market conditions and January this year did not disappoint. As usual, let’s begin with the inventory numbers. The Numbers The numbers presented below are a ratio of the number of active listings (at end of month) over the number of sales in […]

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Market Update January 2017

January 11, 2017

An eventful year in the Vancouver real estate market has finally come to a close – and what a ride it was. Records were set through Spring as prices increased at mind-blowing speeds. Fall had a very different feel with some observers calling the beginning of a major crash. Yet, as we start another year, […]

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Market Update December 2016

January 11, 2017

There was a distinct change of tone about the Vancouver housing market in the media at the end of October/early November. The message in August through most of October had been that the market was going to crash and carnage was imminent. When the crash failed to materialize, the headlines started to read about a […]

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Market Update November 2016

November 11, 2016

Another month where headline after headline trumpets the fall of the Vancouver Real Estate market – so, you might be interested to learn that it’s not Armageddon in our marketplace, after all. Before we delve into that further, let’s look at the data. How to read the chart: The numbers shown below are a ratio […]

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Market Update October 2016

October 11, 2016

Depending on who you ask, we are 1 to 3 months into the “great real estate crash of 2016.” The interesting thing is that as much talk as there’s been about how low prices are going to get, the reality on the ground hasn’t been the carnage that some have expected.   Let’s start with […]

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Market Update September 2016

September 11, 2016

This month’s stats provide a glimpse into one of the more interesting times in the Vancouver real estate market and, as usual, what we’re seeing in the media is not a reflection of the stats we are seeing or the market we are experiencing.   Let’s set the scene by starting with the numbers. The […]

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Market Update August 2016

August 11, 2016

The market is certainly changing – and for anyone who reads the real estate news, that certainly won’t be a shock. What might be a shock is how different the market conditions have become depending on the product type under consideration.   As usual though, let’s start with the numbers. The numbers shown below are […]

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Market Update July 2016

July 11, 2016

The tides are turning. For several months we’ve been talking about how this unprecedented sellers’ market couldn’t (or wouldn’t) last forever and we now have statistical evidence that the market has begun to cool!   As usual, let’s start with the numbers. The numbers shown below are a ratio of the number of active listings […]

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Market Update June 2016

June 11, 2016

The not-too-distant future has come and gone and while we maintain that these conditions can’t persist forever, the market continues to be extremely busy. Truly, the last 6 months have been unprecedented and though it is reasonable to expect a slowdown in pace, it certainly hasn’t happened yet.   As usual, let’s start by looking […]

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